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Crypto
Cardano posts top weekly gain among top 100 crypto assets as whale buying and development progress draw focus
Cardano has risen 25.03 percent over the past seven days, the biggest weekly gain among the top 100 cryptocurrencies by market value. ADA briefly climbed to $0.1956 on Aug. 4, according to The Crypto Basic. Santiment highlighted a drop in wallets with balances, while saying large investors increased accumulation. Whale wallets bought 240 million ADA in five days, lifting holdings to 14.5 billion ADA. Santiment also cited progress in testnet and scaling work.
Crypto
Cardano to transfer control of core infrastructure to external teams
Cardano developer Input Output will transfer control of key blockchain infrastructure to external teams as part of efforts to decentralise the network. The handover covers the Haskell node, Plutus smart-contract platform, Daedalus wallet, Hydra scaling technology and developer relations. SevenLabs and TeraGon will take on parts of development, with the transition starting in August and running through 2027. The announcement comes as Cardano faces weak network activity and a sharp drop in ADA.
Industry
Helion raises $465 million, accelerates goal to supply fusion power to Microsoft by 2028
U.S. fusion startup Helion Energy raised $465 million in new funding, valuing the company at $15.5 billion. Helion said it will use the money to accelerate construction of its first commercial power plant, the Orion project planned in Washington state, and aims to supply fusion electricity to the grid as early as 2028. The company has a power supply contract with Microsoft for its data centres and says it plans to deliver by 2028.